Press Release
Global Automotive Lightweight Materials Market is Estimated to Reach $169.6 billion by 2024, Says Variant Market Research
 Published Date:  Nov 2017  Publish By: Variant Market Research

Global Automotive Lightweight Materials Market Report, published by Variant Market Research, forecast that the global market is expected to reach $169.6 billion by 2024 from $66 billion in 2016; growing at a CAGR of 12.5% from 2016 to 2024. By geography, Asia-Pacific and Rest of the World (RoW) are expected to grow at a CAGR of 13.7% and 12.6%, respectively, during the forecast period.

Automotive Lightweight Materials Market (By Material Type: Metals, Plastics, and Composites; By Application: Structural, Powertrain, Interior, Exterior, and Other Applications; By Geography: North America, Europe, Asia-Pacific and RoW) Global Scenario, Market Size, Outlook, Trend and Forecast, 2015 – 2024

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 The lightweight materials include metal-alloys & composites, which are lightweight, therefore used in automotive industry to reduce the weight of vehicles. These have applications in structural, powertrain, interior, exterior, and other end-use areas.

Increasing adoption of lightweight components to drive the growth of the automotive lightweight materials market

The factors supporting growth of the global automotive lightweight materials market are strict emission & fuel economy rules which has led to rise the demand for lightweight materials in automotive industry, increasing penetration of lightweight components, and high growth in automotive industry. However, rapid variations in raw material prices may act as a restraint for the growth of the market. Moreover, increasing demand for lightweight and fuel-efficient vehicles globally, and technological developments in lightweight materials used in automotive industry would provide several growth opportunities for the market in the future years.

Market Segmentation

Material type, application, and geography are the major segments considered in the global automotive lightweight materials market. The market is segmented by material type as metals, plastics, and composites. Metal is further divided into aluminium, high strength steel (HSS), and other metals. Composite segment is further segmented into carbon fiber reinforced plastic (CFRP), and glass fiber reinforced polymer (GFRP). By application, the market is bifurcated into structural, powertrain, interior, exterior, and other applications. By geography, the global automotive lightweight materials market has been segmented into North America, Europe, Asia-Pacific and Rest of the World (RoW).

Metals accounted for the largest market share in the material type segment 

Global Automotive Lightweight Materials Market, by Material Type

Metals accounted for the largest market share in 2016, in the material type segment, and are expected to continue its dominance during the forecast period 2016 – 2024, owing to the perfection of various metals, such as steel, aluminum, and magnesium in automobile manufacturing.

Structural accounted for the largest market share in the application segment 

Global Automotive Lightweight Materials Market, by Application

Structural accounted for the largest market share in 2016, in the application segment, and are expected to continue its dominance during the forecast period 2016 – 2024. The segment is also anticipated to grow at a fastest CAGR from 2016 to 2024.

North America dominated the global market from 2016 – 2024

GLOBAL AUTOMOTIVE LIGHTWEIGHT MATERIALS MARKET SHARE BY GEOGRAPHY, 2016

 North America dominated the global automotive lightweight materials market with largest market share of 37.7% in 2016, and expected to continue its dominance during the forecasted period, owing to strict government rules to control the carbon emission, swelling automotive industry, technological developments, widespread research to improve the capabilities of lightweight materials in this region.

 Competitive Landscape

The major players operating in the market are Covestro AG, BASF SE, PPG Industries, Inc., ArcelorMittal S.A., ThyssenKrupp AG, Novelis Inc., Toray Industries, Inc., LyondellBasell Industries N.V., Alcoa Inc., and Owens Corning, among others.

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Chapter 1 Prefix
    1.1 Market Scope
    1.2 Report Description
    1.3 Research Methodology
          1.3.1 Primary Research
          1.3.2 Secondary Research
          1.3.3 In-house Data Modeling
Chapter 2 Executive Summary
Chapter 3 Market Outline
    3.1 Market Inclination, Trend, Outlook and Viewpoint
    3.2 Market Share Analysis: Company’s Competitive Scenario
    3.3 Market Dynamics
          3.3.1 Drivers
                   3.3.1.1 Impact Analysis
          3.3.2 Restraints
                   3.3.2.1 Impact Analysis
          3.3.3 Opportunities
Chapter 4 Global Automotive Lightweight Materials Market by Material Type: Market Size and Forecast, 2015 – 2024
    4.1 Overview
    4.2 Metals
          4.2.1 Current Trend and Analysis
          4.2.2 Market Size and Forecast
          4.2.3 Aluminium
                   4.2.3.1 Market Size and Forecast
          4.2.4 High Strength Steel (HSS)
                   4.2.4.1 Market Size and Forecast
          4.2.5 Other Metals
                   4.2.5.1 Market Size and Forecast
    4.3 Plastics
          4.3.1 Current Trend and Analysis
          4.3.2 Market Size and Forecast
    4.4 Composites
          4.4.1 Current Trend and Analysis
          4.4.2 Market Size and Forecast
          4.4.3 Carbon Fiber Reinforced Plastic (CFRP)
                   4.4.3.1 Market Size and Forecast
          4.4.4 Glass Fiber Reinforced Polymer (GFRP)
                   4.4.4.1 Market Size and Forecast
Chapter 5 Global Automotive Lightweight Materials Market by Application: Market Size and Forecast, 2015 – 2024
    5.1 Overview
    5.2 Structural
          5.2.1 Current Trend and Analysis
          5.2.2 Market Size and Forecast
    5.3 Powertrain
          5.3.1 Current Trend and Analysis
          5.3.2 Market Size and Forecast
    5.4 Interior
          5.4.1 Current Trend and Analysis
          5.4.2 Market Size and Forecast
    5.5 Exterior
          5.5.1 Current Trend and Analysis
          5.5.2 Market Size and Forecast
    5.6 Other Applications
          5.6.1 Current Trend and Analysis
          5.6.2 Market Size and Forecast
Chapter 6 Global Automotive Lightweight Materials Market by Geography: Market Size and Forecast, 2015 – 2024
    6.1 Overview
    6.2 North America
          6.2.1 Current Trend and Analysis
          6.2.2 Market Size and Forecast
          6.2.3 US
                   6.2.3.1 Market Size and Forecast
          6.2.4 Canada
                   6.2.4.1 Market Size and Forecast
          6.2.5 Mexico
                   6.2.5.1 Market Size and Forecast
    6.3 Europe
          6.3.1 Current Trend and Analysis
          6.3.2 Market Size and Forecast
          6.3.3 UK
                   6.3.3.1 Market Size and Forecast
          6.3.4 Germany
                   6.3.4.1 Market Size and Forecast
          6.3.5 France
                   6.3.5.1 Market Size and Forecast
          6.3.6 Rest of Europe
                   6.3.6.1 Market Size and Forecast
    6.4 Asia-Pacific
          6.4.1 Current Trend and Analysis
          6.4.2 Market Size and Forecast
          6.4.3 India
                   6.4.3.1 Market Size and Forecast
          6.4.4 China
                   6.4.4.1 Market Size and Forecast
          6.4.5 Japan
                   6.4.5.1 Market Size and Forecast
          6.4.6 South Korea
                   6.4.6.1 Market Size and Forecast
          6.4.7 Rest of Asia-Pacific
                   6.4.7.1 Market Size and Forecast
    6.5 RoW
          6.5.1 Current Trend and Analysis
          6.5.2 Market Size and Forecast
          6.5.3 Middle East
                   6.5.3.1 Market Size and Forecast
          6.5.4 South America
                   6.5.4.1 Market Size and Forecast
          6.5.5 Africa
                   6.5.5.1 Market Size and Forecast
Chapter 7 Company Profiles
    7.1 BASF SE
    7.2 Covestro AG
    7.3 PPG Industries, Inc.
    7.4 ArcelorMittal S.A.
    7.5 ThyssenKrupp AG
    7.6 Novelis Inc.
    7.7 Toray Industries, Inc.
    7.8 LyondellBasell Industries N.V.
    7.9 Owens Corning
    7.10 Alcoa Inc.

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